The most important news and commentary to read right now. - The Slatest - Slate Magazine

Yeah. Data mining at work. These swine have been picking our pockets since the market invented itself.

The most important news and commentary to read right now. - The Slatest - Slate Magazine: "Watch Out, Wall Street: Government Goes After Insider Trading

Last week, the co-founder of Galleon Group, Raj Rajaratnam, was detained and charged along with five others for their alleged involvement in an insider-trading ring. It was the biggest insider-trading plot in decades, and the news rocked Wall Street. Now, others should be getting ready for the same treatment. After two years of intensive investigations, officials are getting ready to file charges 'against a wider array of insider-trading networks,' reports Bloomberg. Some are linked to the Rajartnam case, which, according to the Wall Street Journal, was broken with the help of three of his former colleagues. Some of these new cases are the result of the same aggressive tactics, such as wiretapping, that resulted in Rajartnam's arrest. But others are the result of a 'secret' Securities and Exchange Commission data-mining project that helps to identify people who were lucky enough to all make the same lucrative investments at the same time."